Itaú Unibanco (ITUB) Plummeting 7% in a Week: Worthy Investment Opportunity?

On July 14, Itau’s stock was at $5.91. However, this week it is plummeting to $5.5, resulting in a 7% loss. s part of an international joint effort, CIBC, Itaú Unibanco, National Australia Bank, and NatWest Group today announced Project Carbon, a Voluntary Carbon Marketplace pilot. Corporations worldwide are using carbon offsets as a means to implement their climate action strategies. Project Carbon looks to support a thriving global marketplace for quality carbon offsets with qualitative and consistent pricing and standards and to provide a valuable pathway for our clients in their efforts to achieve a net-zero goal.

Project Carbon will initially be launched as a pilot in August to demonstrate the operational, legal, and technical capability of the platform. The team is keen to invite like-minded institutions to join the cohort to help deliver a shared service platform that the group believes will be fundamental to the scaling of the Voluntary Carbon Market.

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Itau Unibanco S.A. provides a range of financial products and services in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers different deposit products, as well as loans and credit cards; investment banking services; real estate lending services; financing and investment services; and leasing and foreign exchange services.

Michael Rowels

Weekend Contributor. Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.

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